PCSB Financial Corporation operates as the bank holding company for PCSB Bank that provides financial services to individuals and businesses in Putnam, Southern Dutchess, Rockland, and Westchester Counties in New York. The company's deposit products include non-interest bearing demand, NOW, money market, escrow, and savings accounts, as well as time deposits. It also provides commercial real estate, multi-family residential real estate, commercial business, construction, residential mortgage, and consumer and deposit overdraft loans, as well as home equity lines of credit, insurance products, and securities. In addition, the company engages in investment activities. As of June 30, 2020, PCSB Financial Corporation offered its services from executive offices/headquarters and 15 banking offices. The company was founded in 1871 and is headquartered in Yorktown Heights, New York.
IPO Year: 2017
Exchange: NASDAQ
Website: pcsb.com
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BOSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline"), today announced that it has completed its acquisition of PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB"), a $1.9 billion bank holding company based in Yorktown Heights, New York, effective January 1, 2023. PCSB's bank subsidiary, PCSB Bank, now operates as a separate subsidiary of Brookline Bancorp and has 15 banking offices throughout the Lower Hudson Valley of New York State. Michael P. Goldrick assumed the role of President and CEO of PCSB Bank on January 1st. Prior to his appointment as President and CEO, Mr. Goldrick served as PCSB Bank's Executive Vice President and Chief Lending Officer
BOSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline"), today announced that it has completed its acquisition of PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB"), a $1.9 billion bank holding company based in Yorktown Heights, New York, effective January 1, 2023. PCSB's bank subsidiary, PCSB Bank, now operates as a separate subsidiary of Brookline Bancorp and has 15 banking offices throughout the Lower Hudson Valley of New York State. Michael P. Goldrick assumed the role of President and CEO of PCSB Bank on January 1st. Prior to his appointment as President and CEO, Mr. Goldrick served as PCSB Bank's Executive Vice President and Chief Lending Officer
BOSTON, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") today announced the preliminary results of the elections regarding the merger consideration to be received by stockholders of PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") in Brookline's pending acquisition of PCSB, which is expected to be completed on January 1, 2023. Based on the preliminary election results and applying the provisions set forth in the merger agreement, PCSB stockholders will receive the following merger consideration: PCSB stockholders will receive 1.3284 shares of Brookline common stock for each share of PCSB common stock for which they made a valid stock election;PC
BOSTON, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") today announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services and Massachusetts Board of Bank Incorporation necessary to complete its acquisition of PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB"). Brookline and PCSB anticipate closing the transaction on January 1, 2023, subject to the satisfaction of customary closing conditions. ABOUT BROOKLINE BANCORP, INC. Brookline Bancorp, Inc., a bank holding company with approximately $8.7 billion in assets and branch locations in easte
BOSTON and YORKTOWN HEIGHTS, N.Y., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today that the deadline for stockholders of PCSB to elect the form of consideration that they wish to receive in PCSB's pending merger with Brookline has been extended to 5:00 p.m. on December 20, 2022. This extension is intended to reduce the potential time between the election deadline and the effective date of the merger. The closing of the merger remains subject to customary closing conditions, including receipt of approvals from various federal and state regulatory agencies. Any PCSB stockholder who ha
BOSTON and YORKTOWN HEIGHTS, N.Y., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today that the deadline for stockholders of PCSB to elect the form of consideration that they wish to receive in PCSB's pending merger with Brookline has been extended to 5:00 p.m. on December 13, 2022. This extension is intended to reduce the potential time between the election deadline and the effective date of the merger. The closing of the merger remains subject to customary closing conditions, including receipt of approvals from various federal and state regulatory agencies. Any PCSB stockholder who ha
YORKTOWN HEIGHTS, N.Y., Oct. 27, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $4.8 million, or $0.33 per diluted share, for the three months ended September 30, 2022, compared to $3.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022 and $3.6 million, or $0.25 per diluted share, for the three months ended September 30, 2021. On May 23, 2022, the Company and Brookline Bancorp, Inc. ("Brookline"), the holding company of Brookline Bank and Bank Rhode Island, entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, PC
BOSTON and YORKTOWN HEIGHTS, N.Y., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today that the deadline for stockholders of PCSB to elect the form of consideration that they wish to receive in PCSB's pending merger with Brookline has been extended to 5:00 p.m. on Tuesday, November 15, 2022. This extension is intended to reduce the potential time between the election deadline and the effective date of the merger. The closing of the merger remains subject to customary closing conditions, including receipt of approvals from various federal and state regulatory agencies. Any PCSB stockhold
BOSTON and YORKTOWN HEIGHTS, N.Y., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today the deadline for stockholders of PCSB to elect the form of consideration that they wish to receive in PCSB's pending merger with Brookline. The closing of the merger remains subject to customary closing conditions, including receipt of approvals from various federal and state regulatory agencies. PCSB stockholders who wish to elect to receive either Brookline common stock or cash, or a combination of stock and cash, in exchange for their shares of PCSB common stock must deliver a properly completed E
YORKTOWN HEIGHTS, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022, compared to $3.5 million, or $0.24 per diluted share, for the three months ended March 31, 2022 and $3.4 million, or $0.23 per diluted share, for the three months ended June 30, 2021. Net income was $14.9 million, or $1.04 per diluted share, for the year ended June 30, 2022, compared to $12.4 million, or $0.84 per diluted share, for the year ended June 30, 2021. Results for the three months and year ended June 30, 2022 include me
KBRA comments on Brookline Bancorp, Inc.'s (NASDAQ:BRKL) (Brookline or the company) proposed acquisition of PCSB Financial Corporation (NASDAQ:PCSB). Boston-based Brookline (KBRA senior BHC rating: BBB/Stable Outlook) announced on May 24, 2022, a merger agreement with Yorktown Heights, New York-based, PCSB Financial and its subsidiary, PCSB Bank. The proposed transaction, valued at $313 million, is structured with 60% stock and 40% cash, and it reflects a price/tangible book value of about 118%. PCSB Bank will remain a separate bank subsidiary and will join Brookline Bank and Bank Rhode Island as BRKL's third bank charter. Expected to close in the 2H22, the transaction remains in line with
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YORKTOWN HEIGHTS, N.Y., Oct. 27, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $4.8 million, or $0.33 per diluted share, for the three months ended September 30, 2022, compared to $3.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022 and $3.6 million, or $0.25 per diluted share, for the three months ended September 30, 2021. On May 23, 2022, the Company and Brookline Bancorp, Inc. ("Brookline"), the holding company of Brookline Bank and Bank Rhode Island, entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, PC
YORKTOWN HEIGHTS, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.5 million, or $0.25 per diluted share, for the three months ended June 30, 2022, compared to $3.5 million, or $0.24 per diluted share, for the three months ended March 31, 2022 and $3.4 million, or $0.23 per diluted share, for the three months ended June 30, 2021. Net income was $14.9 million, or $1.04 per diluted share, for the year ended June 30, 2022, compared to $12.4 million, or $0.84 per diluted share, for the year ended June 30, 2021. Results for the three months and year ended June 30, 2022 include me
BOSTON and YORKTOWN HEIGHTS, N.Y., May 24, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today they have entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly owned subsidiary, PCSB Bank for approximately $313 million in cash and stock. Following the transaction, PCSB Bank will operate as a separate bank subsidiary of Brookline. Paul Perrault, Chairman and Chief Executive Officer of Brookline commented on the transaction, "I am pleased to announce the combination of PCSB and Brookline. This transaction represents a unique opportunity for Brookline to expan
YORKTOWN HEIGHTS, N.Y., April 28, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.5 million, or $0.24 per diluted share, for the three months ended March 31, 2022, compared to $4.3 million, or $0.30 per diluted share, for the three months ended December 31, 2021 and $3.6 million, or $0.25 per diluted share, for the three months ended March 31, 2021. Results for the three months ended March 31, 2021 include a benefit for loan losses of $944,000, or $0.05 per diluted share, net of tax, related to the release of qualitative reserves established in the prior fiscal year associated with the CO
YORKTOWN HEIGHTS, N.Y., Jan. 27, 2022 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $4.3 million, or $0.30 per diluted share, for the three months ended December 31, 2021, compared to $3.6 million, or $0.25 per diluted share, for the three months ended September 30, 2021 and $2.7 million, or $0.18 per diluted share, for the three months ended December 31, 2020. On January 26, 2022, the Board of Directors declared a regular quarterly cash dividend of $0.06 per share. The dividend is payable on or about February 25, 2022 to shareholders of record as of the close of business on February 11, 20
YORKTOWN HEIGHTS, N.Y., Oct. 28, 2021 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.6 million, or $0.25 per diluted share, for the three months ended September 30, 2021, compared to $3.4 million, or $0.23 per diluted share, for the three months ended June 30, 2021 and $2.7 million, or $0.18 per diluted share, for the three months ended September 30, 2020. On October 20, 2021, the Board of Directors declared a regular quarterly cash dividend of $0.06 per share. The dividend is payable on or about November 26, 2021 to shareholders of record as of the close of business on November 12, 2021. Fi
YORKTOWN HEIGHTS, N.Y., Aug. 05, 2021 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.4 million, or $0.23 per diluted share, for the three months ended June 30, 2021, compared to $3.6 million, or $0.25 per diluted share, for the three months ended March 31, 2021 and $3.0 million, or $0.19 per diluted share, for the three months ended June 30, 2020. Net income was $12.4 million, or $0.84 per diluted share, for the year ended June 30, 2021, compared to $9.4 million, or $0.60 per diluted share, for the year ended June 30, 2020. Results for the year ended June 30, 2021 include a benefit for loan
YORKTOWN HEIGHTS, New York, April 29, 2021 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the "Company") (NASDAQ:PCSB), parent of PCSB Bank (the "Bank"), today announced net income of $3.6 million, or $0.25 per diluted share, for the three months ended March 31, 2021 compared to $2.7 million, or $0.18 per diluted share, for the three months ended December 31, 2020 and $1.2 million, or $0.08 per diluted share, for the three months ended March 31, 2020. Net income was $9.0 million, or $0.60 per diluted share, for the nine months ended March 31, 2021, compared to $6.4 million, or $0.40 per diluted share, for the nine months ended March 31, 2020. Results for the three and nine months end
YORKTOWN HEIGHTS, N.Y., Jan. 28, 2021 (GLOBE NEWSWIRE) -- PCSB Financial Corporation (the “Company”) (NASDAQ: PCSB), parent of PCSB Bank (the “Bank”), today announced net income of $2.7 million, or $0.18 per diluted share, for the three months ended December 31, 2020 compared to $2.7 million, or $0.18 per diluted share, for the three months ended September 30, 2020 and $2.4 million, or $0.14 per diluted share, for the three months ended December 31, 2019. Net income was $5.4 million, or $0.36 per diluted share, for the six months ended December 31, 2020, compared to $5.2 million, or $0.32 per diluted, for the six months ended December 31, 2019. On a non-GAAP basis, which excludes certain